Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Dec 05, 2019

PM Modi Unusually Silent, Government Clueless On Economy: P Chidambaram

The economy can be brought out of slowdown, but this government incapable of doing that, Chidambaram has said.

PM Modi Unusually Silent, Government Clueless On Economy: P Chidambaram
Senior Congress leader and former finance minister P Chidambaram speaks during a press conference in New Delhi. (Source: PTI)

Congress leader and former union finance minister P Chidambaram mounted an unprecedented attack on the Centre on Thursday over the economic slowdown and questioned Prime Minister Narendra Modi's "unusual silence" on the issue.

Chidambaram, who was released on bail on Wednesday after spending 106 days in jail, said Modi's silence had left his ministers to indulge in "bluff and bluster".

In the beginning of his press conference, Chidambaram said his first thoughts upon his release were with the Kashmiri people who "have been denied their basic freedoms since Aug. 4, 2019." "I intend to visit Jammu & Kashmir, if the government allows me to do so," he said.

While the Congress leader refused to speak on his case, he only said that the order would clear the "many layers of dust" that has settled on the understanding of criminal law and the manner in which criminal law had been administered by the courts.

Focusing primarily on the state of economy, Chidambaram said the BJP government believed that the problems faced by the economy were cyclical even after seven months into the current financial year.

"The government is wrong. It is wrong because it is clueless," he said.

"It is unable to look for the obvious clues because it is stubborn and mulish in defending its catastrophic mistakes like demonetisation, flawed GST, tax terrorism, regulatory overkill, protectionism, and centralised control of decision-making in the Prime Minister's Office." According to the Congress leader, the previous UPA dispensation had lifted 14 crore people out of poverty between 2004-2014, while the NDA had pushed millions of people below the poverty line since 2016.

"The economy can be brought out of the slowdown, but this government is incapable of doing that," he said. "I believe that the Congress and some other parties are better equipped to pull the economy out of the slowdown and push economic growth, but we have to wait for better times." Asked about industrialist Rahul Bajaj, who had asked Union Home Minister Amit Shah if people were scared to criticise the government, Chidambaram said: "There is fear everywhere. Media also gripped with fear." He said if the government believed that the Gandhi family did not require SPG protection, "then that is a cross the government has to bear".

The government has recently withdrawn the Special Protection Group security cover given to Sonia Gandhi, Rahul Gandhi and Priyanka Gandhi Vadra.

Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search
Add NDTV Profit As Google Preferred Source
Listen to the latest songs, only on JioSaavn.com